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steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top picks for 2013. you'll never guess what stock he likes the most. >> hmm. >> back in a moment with that. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow the progress you're making toward all your financial goals. a quick glance, and you can see if you're on track. when the conversation turns to knowing where you stand, turn to us. wells fargo advisors. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a
steve liesman and rick santelli tackle it out next. >> oh, boy. and we'll hear from a top republican lawmaker warning that the real fiscal cliff is a couple years away when the economy could collapse because of runaway spending. congressman paul brown will join us. >> and top picks for 2013. you'll never guess what stock he likes the most. >> hmm. >> back in a moment with that. [ male announcer ] with wells fargo advisors envision planning process, it's easy to follow...
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and this place will not be as good as it has been without steve latourette, jean schmidt, steve austria, dennis kucinich and betty sutton. mr. speaker, it has been great knowing these folks. i'm pretty sure that all of them we will see again in one capacity or another. i know steve, that we will see you and jen and emma soon, and mr. speaker, with that, i think our hour's up. we have no more speakers. it's been a pleasure. it's been a privilege and honor to serve with all five of these men and women. and i yield back my time. the speaker pro tempore: the gentleman yields back the balance of his time. under the speaker's announced policy of january 5, 2011, the gentleman from california, mr. garamendi, is recognized for 60 minutes as the designee of the minority leader. mr. garamendi: mr. speaker, thank you for the opportunity. we're going to spend a good portion of this hour talking about something that is on everybody's mind, the fiscal cliff. oh my goodness, the fiscal cliff is now just -- wow, 20 days away. so what are we going to do? some have suggested that we really have to deal w
and this place will not be as good as it has been without steve latourette, jean schmidt, steve austria, dennis kucinich and betty sutton. mr. speaker, it has been great knowing these folks. i'm pretty sure that all of them we will see again in one capacity or another. i know steve, that we will see you and jen and emma soon, and mr. speaker, with that, i think our hour's up. we have no more speakers. it's been a pleasure. it's been a privilege and honor to serve with all five of these men and...
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steve liesman, what do we need to hear from him? >> well, what we're going to hear is about additional asset purchases. 88% of respondents to our fed survey saying the fed will replace with outright purchases. i'll tell you our respondents, economists and strategists and around lists are giving bernanke and earful over what he's doing. let me first show you what the expectation is. replace twist, selling long-term, buying without purchases divided over whether or not it's going to be treasuries only or a mix of treasuries and mortgage-backed securities. now, how much will they do? the expectation if you look at the next chart, but there's going to be an $85 billion purchase. you can see the top choice is $85 billion. 30 announced and another 45 to replace twist. that's the expectation with some distribution along the scale there. what does that mean for the whole year, next 12 months? take a look. this number here seems kind of small. that's a trillion dollars, folks. that's the expectation of 35% or more of our respondents, next ye
steve liesman, what do we need to hear from him? >> well, what we're going to hear is about additional asset purchases. 88% of respondents to our fed survey saying the fed will replace with outright purchases. i'll tell you our respondents, economists and strategists and around lists are giving bernanke and earful over what he's doing. let me first show you what the expectation is. replace twist, selling long-term, buying without purchases divided over whether or not it's going to be...
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so who's right, steve? the market seems to be perplexed here because the stock market sold off during the news conference that you were at. and got your three questions in, by the way, i think at the top. and then it's down again today at the lows of the day. >> you know, it's interesting, should i be grade being the students or grading the professor? i guess that's the question i have. in a sense, they get to always be right in the following way. bernanke wants you to have a message. if you don't get that message, it's his fault. and it's not clear to me that -- he may have failed in this regard. i thought stephanie came closest to what i think the fed chairman's trying to do, which was yesterday convey a policy that we are easier than we thought -- than you thought we would be. and that 6.5% unemployment is supposed to convey that we're not calendar day certain. we are data certain. and unless that data gets down to being closer to what we want it to be, then we're going to stay on hold. and by the way, t
so who's right, steve? the market seems to be perplexed here because the stock market sold off during the news conference that you were at. and got your three questions in, by the way, i think at the top. and then it's down again today at the lows of the day. >> you know, it's interesting, should i be grade being the students or grading the professor? i guess that's the question i have. in a sense, they get to always be right in the following way. bernanke wants you to have a message. if...
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s waiting for steve nash to come back. if he does, everyone will be fine and no one will ever remember this dismal start. >>> now to the nfl and the new orleans saints bounty scandal players had their suspensions overturned by former commissioner paul tab beau, who was handling the appeals process. vilma and hargrove were still found guilty but scott fujita was cleared on the charge. all the team coach suspensions remain in effect. now the question is what does this all mean? mike, take it away. >> it means, one, the existing commissioner of football, goodell, took a helmet-to-helmet hit from the former commissioner, paul tagliabue -- >> slap. >> i mean, a real slap. two, it means that the players involved are going to have to get back pay now, i would assume, because they lost their whole season. >> how about the saints fans? >> well, the saints fans are on the periphery in this. but three, it means the blame has finally and assertively been put where it belonged all the time, on the coaching staff of the new orleans sain
s waiting for steve nash to come back. if he does, everyone will be fine and no one will ever remember this dismal start. >>> now to the nfl and the new orleans saints bounty scandal players had their suspensions overturned by former commissioner paul tab beau, who was handling the appeals process. vilma and hargrove were still found guilty but scott fujita was cleared on the charge. all the team coach suspensions remain in effect. now the question is what does this all mean? mike,...
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steve understands that. that is what this organization is doing such great work. >> thanks for that. you mentioned something about the debt ceiling. that is an esoteric topic for a lot of americans. the president of the united states has proposed to have, at his discretion, be able to raise the debt ceiling of the united states in an unlimited way forever. without the approval of congress. what is the big deal? >> it is practically the most frightening proposal that has come out of this town, and a lot have. when you add on the entitlements that are unfunded, the president, i do not think, has a knowledge, and maybe he does not recognize that one of the greatest threats to economic freedom and to the american dream home -- i have a five- year-old and a three-year-old. i think most people that have young kids recognize the ability to have the same opportunity we have today is at risk because of spending. they will not play a single cut on the table. he comes up with a ludicrous proposal to have unlimited incr
steve understands that. that is what this organization is doing such great work. >> thanks for that. you mentioned something about the debt ceiling. that is an esoteric topic for a lot of americans. the president of the united states has proposed to have, at his discretion, be able to raise the debt ceiling of the united states in an unlimited way forever. without the approval of congress. what is the big deal? >> it is practically the most frightening proposal that has come out of...
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to steve austria, steve is another one that reached out. as a 26 1/2-year veteran of the air force, wright patterson air force base is -- it's important to the state of ohio, that is true. but it's important to the air force. it's porch to our nation. -- important to our nation. and i've appreciated the work that steve has done there. steve might not realize this, but he trained many of the staff that i have today. i'm very pleased with the staff that i have here in washington and many of those that serve with me today, serving the sixth district of ohio, came through steve austria's office. and -- where they learned and where they saw the value of hard work and steve austria and i appreciate so much what steve has done for our delegation. to dennis kucinich. you know, i had seen dennis many, many times on television prior to being elected myself, seeing the interviews. dennis was a known leader and political figure in the state of ohio and people told me early on , you know, you don't have to agree with everything that dennis says, but one
to steve austria, steve is another one that reached out. as a 26 1/2-year veteran of the air force, wright patterson air force base is -- it's important to the state of ohio, that is true. but it's important to the air force. it's porch to our nation. -- important to our nation. and i've appreciated the work that steve has done there. steve might not realize this, but he trained many of the staff that i have today. i'm very pleased with the staff that i have here in washington and many of those...
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. >> i was on stage afterwards talking to steve van zandt and max weinberg, and then all of a sudden, they were looking behind me, they moved away and stopped talking. so, i turned around. there he was. >> and there he was. >> there he was. >> and he gave you -- >> and he came up and put his hand out, so i shook his hand, i tried to be cool. >> sure. >> i wasn't. and then he said, "come on, give me a hug," and i said, all right, and i hugged him, and -- >> then did he go, come on, stop, let me go! >> no. you know, that's always hard to judge, right? stop the man hug? you know, it's hard, but -- >> did you give -- you've got to give also this, the pat, or did you just go slow dance? >> no, i went slow dance. >> you've got to be kidding me. >> i did, i went slow dance, i did. >> no pat? >> no pat, i went slow dance. but then he said the most amazing thing to me. he said, "it's official, we're friends." >> oh, wow! that's nice. that's nice. >> i appreciate that. i appreciate christie admits his bromance. that's a good thing. >> okay. >> now, it wouldn't be cooler without lindsay lohan, a
. >> i was on stage afterwards talking to steve van zandt and max weinberg, and then all of a sudden, they were looking behind me, they moved away and stopped talking. so, i turned around. there he was. >> and there he was. >> there he was. >> and he gave you -- >> and he came up and put his hand out, so i shook his hand, i tried to be cool. >> sure. >> i wasn't. and then he said, "come on, give me a hug," and i said, all right, and i hugged...
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steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it even though i grew up in minnesota. >> steve: it is winter and it was not cold we would be in trouble. >> brian: we have bad news. >> gretchen: we have a fox news alert. while you were sleeping a magnitude earthquake hit japan and triggered a suence - tunce tsun ami. >> and day after two hunters found two bodies can doysens of people held a vigil to remember elizabeth collins and lyric cook . >> this time the law enforcement is confident based on the investigation that the bodies found yesterday are those of lyric cook and elizabeth collins. >> gretchen: a positive id will be made by the medical examiner. more importantly how did they die? they are accused of aiding terrorist and planning weapons of mass destruction and they will come face to face with a judge in florida. they were both from pakistan . they planned an attack with weapons of mass destruction. prince charles is speaking
steve, i have gloves. >> steve: they would match your outfit. >> gretchen: i know. >> steve: you just want to share. it is the season for sharing. >> gretchen: i am a wimp with the gold. i don't like it even though i grew up in minnesota. >> steve: it is winter and it was not cold we would be in trouble. >> brian: we have bad news. >> gretchen: we have a fox news alert. while you were sleeping a magnitude earthquake hit japan and triggered a suence -...
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he chose steve cohen. here is the deal that they have. steve cohen is paying the legal fees. that could be millions. he gets a copy of the government playbook. they will work and share information together. rather than flipping on steve cohen, he has decided to work with him and he is betting that the high-priced lawyers will beat the feds, as they usually do. adam: is this kind of like a conflict of interest. >> they say we have the same interests and beating the government and saying this was not insider-trading. the government also flipped this doctor who told martoma about the trials. charlie: this is all about martoma's trading. and passing that information to steve cohen. we know that he received that information. we do not know how martoma characterized the information. we do know that steve cohen received it and traded up on it as well. >> $270 million based on that information. it was not taped. it is what they are going to say occurred during that phone call. you will hear a different spin on that phone call. if the feds had martoma in their pocket, that phone call
he chose steve cohen. here is the deal that they have. steve cohen is paying the legal fees. that could be millions. he gets a copy of the government playbook. they will work and share information together. rather than flipping on steve cohen, he has decided to work with him and he is betting that the high-priced lawyers will beat the feds, as they usually do. adam: is this kind of like a conflict of interest. >> they say we have the same interests and beating the government and saying...
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>> steve: right. there was a misconception because there was a ballot initiative on the november ballot. it was voted down and then the republican base, house and senate, voted essentially in a one week push toward this particular aspect of it where you do not have to belong to a union. >> i think it's very remarkable, politically risky, yes, but without risk, you get no possible reward. >> steve: you want to say something amazing. steven crowder was on our program earlier talk being how yesterday some guy from a union socked him. >> i have never seen an angry mob filled with vitriolic hatred and i want to be clear. i did go in and provoke these people. i tried to provoke rational thought. i tried to provoke civil debate. i tried to then request they stop destroying private property and tearing down and trampling a tents with women and old people in it. then afterwards, a group of us did try and peel them off the tent as they were collapsing it upon women's heads beneath them, which of course, makes m
>> steve: right. there was a misconception because there was a ballot initiative on the november ballot. it was voted down and then the republican base, house and senate, voted essentially in a one week push toward this particular aspect of it where you do not have to belong to a union. >> i think it's very remarkable, politically risky, yes, but without risk, you get no possible reward. >> steve: you want to say something amazing. steven crowder was on our program earlier...
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now, tick tim cook is changing steve jobs' philosophy. he is bringing the company in a welcomed new direction, telling brian williams that starting next year they will manufacture one entire line of computers here in the u.s.a. $100 million worth. just anytime for me because now i can switch from my del laptop to a new macpro. how excited it will be to buy that macpro and see those magic words stamped on the back of it, "made in the u.s.a. "that's my parting shot for today, folks here we go into the weekend. enjoy it. kick back. make the most of it. get all of your christmas shopping done and come on back and see us right here on monday! have a good one. >> this is "the bill press show."
now, tick tim cook is changing steve jobs' philosophy. he is bringing the company in a welcomed new direction, telling brian williams that starting next year they will manufacture one entire line of computers here in the u.s.a. $100 million worth. just anytime for me because now i can switch from my del laptop to a new macpro. how excited it will be to buy that macpro and see those magic words stamped on the back of it, "made in the u.s.a. "that's my parting shot for today, folks here...
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steve rattner. >> i agree completely. to get a big deal we all have to hold our nose a little bit and accept things we don't want. the only thing i would slightly push back on what governor barbour said, i think the president has been more forthcoming than you suggested. he's put entitlements on the table and put a trillion-eight on the table in cuts. i think he's serious to do serious business on entitlement and wants the republicans to do serious business on rates. a number of republicans have been using the sound bite on the deficit in the first two months of the year going up 16%. that may be true. there are two months in which there have been cycles and the deficit has been flat -- but we have a spending problem, i agree, we have a spending problem. >> you agree all we're talking about is raising taxes on the top 2%, even if we do that 39.6%, that doesn't make a dent in the long term debt. >> you need $4 trillion of deficit. $4 trillion of deficit reduction is what you need. raising those two rates gets you $450 bill
steve rattner. >> i agree completely. to get a big deal we all have to hold our nose a little bit and accept things we don't want. the only thing i would slightly push back on what governor barbour said, i think the president has been more forthcoming than you suggested. he's put entitlements on the table and put a trillion-eight on the table in cuts. i think he's serious to do serious business on entitlement and wants the republicans to do serious business on rates. a number of...
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dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not just about price, it is about scalability and adaptability of the workforces in this nation. charles: there is no dow about it. natural gas gives us an amazing advantage. wages have gone up dramatically in china. we will benefit from that as well. be careful what you ask for. do we really want a whole bunch of four dollars jobs in america, the answer is, no. connell: thank you, charles. great stuff, as always. the irs wants back taxes from amazon. dagen: no shame. one of the most popular places to do your holiday shopping. that is exactly the video we picked that we are goi
dagen: steve jobs told president obama that those jobs were not coming back. charles: somehow the administration going after profit, you know, whatever it is, you wanted or public opinion, now if you do not start to do this stuff, we will go out and take it. caterpillar is one company to watch. their ceo has been on top of this. he has been very defensive about the fact they are still creating jobs here and abroad. apple, by the way, 60% of business outside of this country. dagen: it is not...
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host: i will get the book from steve. thank you for that. guest: when you were talking about obamacare, and you need not to read the press releases that obama puts out about what it is supposed to do. you need to actually look at the tax increases in it, the regulations in it. the next 4 years will be very ugly when it comes to economics. all the ugly parts of obamacare that he did not want you to focus on, those take place over the next four years. the things that he thought people would appreciate, those have happened already. those are the ones they spoke about before the election. we are now seeing the tax increases. this is not going to be free. there are massive tax increases that i just talked about such as medical devices. they are raising taxes on six people. average income of $53,000 a year, they would get hit by a tax increase on people with high medical bills. atr.org has the right up on it appeared there are five obamacare taxes that will hit january 1. that is the real permanent non- moving fiscal cliff bridge abutment that we
host: i will get the book from steve. thank you for that. guest: when you were talking about obamacare, and you need not to read the press releases that obama puts out about what it is supposed to do. you need to actually look at the tax increases in it, the regulations in it. the next 4 years will be very ugly when it comes to economics. all the ugly parts of obamacare that he did not want you to focus on, those take place over the next four years. the things that he thought people would...
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. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good afternoon, sir. >> hi, martin. >> congressman, notwithstanding the fact that speaker boehner's office is considered mathematically dyslexic by many economists, has it surprised you some republicans have actually condemned boehner's office and would much prefer to keep taxes as they are and take an axe to social programs, medicare, in order to reduce the deficit? >> what's to surprising about that? for so many republicans, they said in the 1990s they wanted medicare to wither on the vine. you know, they now think they have the opportunity to do it in 2012. speaker boehner's proposal is based on the mathematical equation, two plus two equals whatever you want it to be. that's not how you grow the middle class. you do it in a balanced way. let's reduce the deficit we've already supported, $2 trillion in spending cuts, but let's do it in a way by asking the richest 2% to do their fair and grow the economy by making smart investments and things like job creating infrastructure. that'
. >> congressman steve from new york and chairman of the democratic congressional campaign committee. good afternoon, sir. >> hi, martin. >> congressman, notwithstanding the fact that speaker boehner's office is considered mathematically dyslexic by many economists, has it surprised you some republicans have actually condemned boehner's office and would much prefer to keep taxes as they are and take an axe to social programs, medicare, in order to reduce the deficit? >>...
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satisfaction guaranteed or your money back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks or jumping into the market, he goes with people he trusts which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things like what the market is doing and being ready no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade. >>> are we going to go over the fiscal cliff? >> you know, i remain optimistic that there are enough people of good will in this town that recognize our economy will be much better off, american families will be much better off if we get this done. the most important thing we can do is make sure the middle class taxes do not go up on january 1st. and i'm pretty confident that republicans would not hold middle class taxes hostage to try to protect tax cuts for high-income individuals. >> there is big news tonight out of washington where speaker john boehner and obama are talking. this i
satisfaction guaranteed or your money back. [ male announcer ] this is steve. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks or jumping into the market, he goes with people he trusts which is why he trades with a company that doesn't nickel and dime him with hidden fees. so he can worry about other things like what the market is doing and being ready no matter what happens, which isn't rocket science. it's just common sense, from td ameritrade....
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>> bill: steve cook, thank you, on the program. who said they've been meeting with the governor, issues about how to resolve the issue. he knew there was a possibility the legislature might do something. he didn't want anything to do with it. he would not sign it if it came to his desk. what happened? >> labor leaders have been telling -- i've also spoken with steve cook. they said that right, they were negotiating with the governor for weeks. they believed he was acting in good faith. and they thought that there was a way to avoid having this right to work bill so it's called go to the governor's desk and have him sign it. then they said all of a sudden, on wednesday they got word that this was all coming down. the governor was going to sign it and they basically were taken completely off-guard. completely by surprise. >> bill: was he lying to them or did the koch brothers get to him? >> that's really unclear. some of the lawmakers michigan's congressional delegation, the democrats met with the governor and they said that his answ
>> bill: steve cook, thank you, on the program. who said they've been meeting with the governor, issues about how to resolve the issue. he knew there was a possibility the legislature might do something. he didn't want anything to do with it. he would not sign it if it came to his desk. what happened? >> labor leaders have been telling -- i've also spoken with steve cook. they said that right, they were negotiating with the governor for weeks. they believed he was acting in good...
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never ask the question, what would steve do? to just do what is right. >> man who seldom talks about himself or his company, it is a fascinating conversation with tim cook, tonight, on rock center. >>> and up next, news for young mothers everywhere to remember while having a rough time of it with the kids. . my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my arches needed more support. in two minutes, the dr. scholl's foot mapping center showed me my free foot map and my number. i'm a 440. that matched up to the dr. scholl's custom fit orthotic inserts with the support i needed. now, i play all day long! my feet. my number. my inserts. go to drscholls.com to find your closest walmart with a foot mapping center. i'm a believer! now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professio
never ask the question, what would steve do? to just do what is right. >> man who seldom talks about himself or his company, it is a fascinating conversation with tim cook, tonight, on rock center. >>> and up next, news for young mothers everywhere to remember while having a rough time of it with the kids. . my achy feet made it tough to play with billy. until he got his number. right! the machine showed me my pressure points on my feet, and it gave me my custom number. my arches...
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steve doocy. >> europe is great because they have wonderful food and runny cheeses, but we shouldn't base our policies on theirs because they are stinkers. >> we should base it on singapore where they have no unemployment, and they have a competitive market. that protects workers. >> stephanie: we should be like singapore? >> oh my god. holy crap. he is a bigger idiot than i thought. he is not even trying to hide what a douche bag he is. >> stephanie: okay. bill o'reilly. really? is this his whole december? >> there is no doubt that your day you christian tradition in this country is under attack. and people like pastor happy have not to stop. okay. enough. enough. and we need leadership not only in the pulpit but now we are going to need it in the public square. >> after of the judao christian are jewish. you moron. >> stephanie: thank you for that reference. [ applause ] >> stephanie: judao, christian. >> i'm an atheist, i don't care if you have a cross on your property -- i really don't. this whole thing is just completely made up. >> stephanie: i don't get any of it. i never have
steve doocy. >> europe is great because they have wonderful food and runny cheeses, but we shouldn't base our policies on theirs because they are stinkers. >> we should base it on singapore where they have no unemployment, and they have a competitive market. that protects workers. >> stephanie: we should be like singapore? >> oh my god. holy crap. he is a bigger idiot than i thought. he is not even trying to hide what a douche bag he is. >> stephanie: okay. bill...
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steve is live for us in washington, with more on this. steve? >>reporter: the house speaker went for a white house for a one-on-one chat, the first time they have sat down without other leaders and it could represent an important step toward avoiding the fiscal cliff. the last time the 39 and the speaker met was with other members of congress november 15. they talked wednesday last week but that was a conversation by telephone. now they have sat down face to face. this top level meeting is important in any negotiating process in washington, dc. the fact they met on a sunday underscores the urgency. the white house confirmed the talks were held to discuss efforts to resolve the fiscal cliff and lines of communication remain open. the white house beating is the same day republicans appeared to be moving closer to the president's position on raising taxes for the wealthy. a senator appeared on fox news sunday along with a democrat schumer. >> the growing group of thugs are realizing they don't have a lot of cards related to tax issues. people are p
steve is live for us in washington, with more on this. steve? >>reporter: the house speaker went for a white house for a one-on-one chat, the first time they have sat down without other leaders and it could represent an important step toward avoiding the fiscal cliff. the last time the 39 and the speaker met was with other members of congress november 15. they talked wednesday last week but that was a conversation by telephone. now they have sat down face to face. this top level meeting...
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steve liesman is here with more insight on all the fed's moves. steve. >> thanks. one thing i think we can say for sure, chairman bernanke has to be surprised at what's effectively been a hawkish reaction to the massive policy changes he put in place yesterday. those policy changes include an announcement that the fed would boost its monthly purchase of assets to $85 billion. that would be a trillion dollars in a year, and also link interest rates to unemployment. it became the first essential bank to link its funds rater overnight rate to the unemployment rate. these dovish moves have received a hawkish response in the market. gold is down on about 20 bucks or so. the ten-year note is off here, but since yesterday, it's off about ten basis points. and the dow may be up right now, but essentially it's been down since yesterday at 12:30. it's unclear if the market doesn't understand the fed's new communication or if it simply sees the 6.5% unemployment rate as closer in time than the fed does. i want to share with you some of what the street heard from the policy st
steve liesman is here with more insight on all the fed's moves. steve. >> thanks. one thing i think we can say for sure, chairman bernanke has to be surprised at what's effectively been a hawkish reaction to the massive policy changes he put in place yesterday. those policy changes include an announcement that the fed would boost its monthly purchase of assets to $85 billion. that would be a trillion dollars in a year, and also link interest rates to unemployment. it became the first...
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our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not necessarily raising the marginal tax rate on the wealthy, but capping deductions, limiting loopholes, are you with the speaker of the house on that? >> unfortunately, wolf, the policies of president obama have already taken us over the cliff. if you meet with businesses like i do all the time, they've already paired back plans for next year anticipating what's going to happen. we can fix this christmas eve if we want, but we've already hurt the economy and job growth. >> are you with boehner? >> i'm not with boehner. this government doesn't need anymore money. this country needs less go
our guy steve groves was writing papers on this weeks and weeks ago. we're also surprised frankly the senate would bring it up in a lame duck session. this is something that needs full and considered -- >> they're going to bring it up again next year. you won't be there. >> they can bring it up and we'll take the same position. >> should there be a compromise in order to avoid going over the fiscal cliff? john boehner's already $800 billion in increased tax revenue, not...
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steve from e-shave. awesome. >> thank you so much. we appreciate it. >> the 'stache is slashed. >>> when we come become, a preview of "meet the press" with david gregory and "washington post" columnist eugene robinson. keep it right here on "morning joe." we're at walmart talking about the low price guarantee with brandy who is stocking up for the holidays. look at that price. that's great! if you find a lower advertised price, walmart will match it at the register. really? yeah. there you have it. oh my goodness! that's the walmart low price guarantee. see for yourself. bring in your last receipt and see how much you can save. be ready. with the season's tastiest brands. like sea pak shrimp spring rolls. delicious handmade rolls, authentic asian taste. walmart has everything you need to be ready for holiday hosting. with our low price guarantee backed by ad match. walmart. military families face, we understand. at usaa, we know military life is different. we've been there. that's why every bit of financial advice we offer is geared s
steve from e-shave. awesome. >> thank you so much. we appreciate it. >> the 'stache is slashed. >>> when we come become, a preview of "meet the press" with david gregory and "washington post" columnist eugene robinson. keep it right here on "morning joe." we're at walmart talking about the low price guarantee with brandy who is stocking up for the holidays. look at that price. that's great! if you find a lower advertised price, walmart will...
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steve james and then before him a dollar bill and why are they both made over a billion dollars and a lot of it was from selling this medicare supplemental insurance is that something that's been progressively added by republicans over the years as their way of trying to weaken medicare and and so i privatizing well i think the you know they've always been there because you know medicare has never paid one hundred percent of coverage so we've had those kinds of supplemental programs for a long time but the corporate charity that the republicans are pushing is the medicare advantage program where medicare pays h.m.o.'s and insurance companies to provide medicare services for eighteen percent on average more than it costs just to get it directly from the government itself so that corporate charity and the other is the fact that the republicans have consistently refused to allow medicare or the government to negotiate with drug companies so we pay retail we whatever they want to charge us we pay and that's costing us a fortune. and what i'm missing one of the four secrets well you know d
steve james and then before him a dollar bill and why are they both made over a billion dollars and a lot of it was from selling this medicare supplemental insurance is that something that's been progressively added by republicans over the years as their way of trying to weaken medicare and and so i privatizing well i think the you know they've always been there because you know medicare has never paid one hundred percent of coverage so we've had those kinds of supplemental programs for a long...
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. >> joining me now is steve and republican strategist and form are campaign manager for huckabee, jim saltsman. >> hello. >> pmr. demint has been trying o leverage his position as the tea party's uncompromising man in the gop and that his effort has failed or stalled. >> i don't think i agree with "the washington post" at all. i think he's had a great impact across the country and i think the move to the heritage makes a lot of sense to him personally. he always said he was going to be a two-term senator. had he a term less. he left early. he wasn't going to be a career politician. i think this makes a lot of sense for senator demint in a lot of ways and i think it's good for the conservative movement. >> he has supported candidates against more moderate republicans in primaries and then his candidate lost in the general election, including obviously richard mourdock in indiana, christine o'donnell, ken buck in colorado. what do you think is going to be the influence now for jim demint going into the heritage foundation? >> i think he's been a singular failure when you look at the can
. >> joining me now is steve and republican strategist and form are campaign manager for huckabee, jim saltsman. >> hello. >> pmr. demint has been trying o leverage his position as the tea party's uncompromising man in the gop and that his effort has failed or stalled. >> i don't think i agree with "the washington post" at all. i think he's had a great impact across the country and i think the move to the heritage makes a lot of sense to him personally. he...
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. >>> up next, steve and i have gotten a lot of feedback on our debate over gun control monday. his response to your responses is next. wasn't my daughter's black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. gas-x is designed to relieve gas. social security are just numbers thinkin a budget.d... well, we worked hard for those benefits. we earned them. and if washington tries to cram decisions about the future... of these programs into a last minute budget deal... we'll all pay the price. aarp is fighting to protect seniors with responsible... solutions that strengthen medicare and... social security for generations to come. we can do better than a last minute deal... that would hurt all of us. >>> we got a lot of feedback for something i said in the show, so much i thought i should respond to it. the subject was guns and domestic violence and here's what i said. >> in a house with a gun, a domestic disturbance
. >>> up next, steve and i have gotten a lot of feedback on our debate over gun control monday. his response to your responses is next. wasn't my daughter's black bean soup spectacular? [ man thinking ] oh, this gas. those antacids aren't working. oh no, not that, not here! [ male announcer ] antacids don't relieve gas. gas-x is designed to relieve gas. gas-x. the gas xperts. gas-x is designed to relieve gas. social security are just numbers thinkin a budget.d... well, we worked hard...
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we saw the live scenes with steve harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly unemployment numbers came in as they do every thursday. the labor department reported 370,000 americans filed for first-time unemployment claims. either way, either way, folks, your taxes will go up despite the haggling going on on capitol hill. you will be paying more to the u.s. government. stuart varney joins me now. so, stuart, that's the bottom line. this is what people i think across the country are starting to realize no matter what they negotiate, 2013 will be different for most of us. >> this is the untold tax story. everybody has been concentra
we saw the live scenes with steve harrigan. since mohamed morsi, the president there assumed near absolute powers through a constitutional move. he and the muslim brotherhood have been doing things that have a lot of people concerned in terms of ramming through a very controversial new constitution that the people have been very unhappy about. what's going on there. come back home now for a moment and take a look at the latest numbers we have got on the u.s. economy. the weekly unemployment...
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but since then, we know that president obama and steve [indiscernible] spoke yesterday evening. the fact that neither side is leaking what happened on that call, you might say that they are trying to get back on track. they know that if they leak each other's confrontations, that is not good. there are only two participating really in this negotiation. and if they choose not to leak out that information widely, it is a speculation. >> what is the handle and how quickly could be brought -- what is the end goal and how quickly could be brought up for a vote? >> the goal is a down payment or some kind of thing for revenues, which is enough to get us past the fiscal cliff, turn off these automatic spending cuts and make sure that taxes don't go up. and then they would figure out what to do with the upper bracket. and then there would be a mechanism that would guarantee further action next year. if at all possible, they would disagree next year and there would be some sort of trigger or punishment for their lack of action. that sounds relatively simple, i think, putting it all togeth
but since then, we know that president obama and steve [indiscernible] spoke yesterday evening. the fact that neither side is leaking what happened on that call, you might say that they are trying to get back on track. they know that if they leak each other's confrontations, that is not good. there are only two participating really in this negotiation. and if they choose not to leak out that information widely, it is a speculation. >> what is the handle and how quickly could be brought --...
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matt mccall, steve moore. have a question you want answered, hemmer@foxnews.com or twitter, @billhemmer. fire away with a tweet because you asked, bya. martha. martha: there is tense stand with north korea. u.s. forces sending warships to the region as pongyang getting ready to flex its muscle. we have seen it before. is it different this time? we're live with the details. bill: live in cairo, protesters massing at the presidential palace. are they in favor of president or are about these protests to get ugly yet again? we're live in central cairo. martha: today of course is december the 7th. we honor those who made the ultimate sacrifice on that day 71 years ago at pearl harbor. we remember that day which indeed has lived in infamy. >> no matter how long it may take us to overcome this premeditated invasion, the american people in their righteous might will win through to absolute victory. [cheers and applause] [ roasting firewood ] ♪ many hot dogs are within you. try pepto-bismol to-go, it's the power of p
matt mccall, steve moore. have a question you want answered, hemmer@foxnews.com or twitter, @billhemmer. fire away with a tweet because you asked, bya. martha. martha: there is tense stand with north korea. u.s. forces sending warships to the region as pongyang getting ready to flex its muscle. we have seen it before. is it different this time? we're live with the details. bill: live in cairo, protesters massing at the presidential palace. are they in favor of president or are about these...
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steve rattner has charts. looking at how much the budget cuts being considered now on capitol hill will impact retirees in the future. so steve, explain. where do you want to begin? >> well, first, as we've been discussing for the last hour and a half, nobody knows exactly what's going to happen in washington yet. so these are all kind of hypotheticals. >> but we talked about raising the eligibility age for medicare. >> there are a couple ideas floating around what's going to give you a sense of what's going to happen. for political reasons, everybody's talking about phasing these things in slowly. it's unlikely we're going to wake up -- >> no. it's not going to be today. >> let's start with raising the medicare eligibility age. this is something that's been much discussed. it is said president obama would probably go from 65 to 67 and be phased in over a period of years. so what happens is people 65 to 67 are going to either going to have to work longer or get their own private insurance. and we can now look
steve rattner has charts. looking at how much the budget cuts being considered now on capitol hill will impact retirees in the future. so steve, explain. where do you want to begin? >> well, first, as we've been discussing for the last hour and a half, nobody knows exactly what's going to happen in washington yet. so these are all kind of hypotheticals. >> but we talked about raising the eligibility age for medicare. >> there are a couple ideas floating around what's going to...
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with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth right now. and if i were a major league team, i would pass on josh hamilton in a new york second because the guy phoned it in when his team needed him the most. there's an attitude problem. and yet he could be such a huge payoff. are the red sox looking at josh hamilton? >> i think any team that's looking at hamilton is looking at no longer than three years with him because of the things you just mentioned. >> he, of course, had an addiction problem, a terrible addiction problem. he got passed -- it was an inspiring story, but he seemed to fall off the cliff. n
with us on set, economic analyst steve rattner. also political editor and white house correspondent for the huffington post, sam stein. andrea mitchell. and in new york, msnbc contributor, mike barnicle. and the co-anchor of "street signs," brian sullivan. we've got a lot to talk about, mike barnicle, but i saw a headline on the front page of "usa today," a tease that is very intriguing, and that is one of the greatest players in major league baseball trying to get his worth...
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. >> osgood: steve hartman introduces us to a couple who made football a family affair. we get a visit from techno-clause, our david pogue bearing gifts. we'll be remember jazz great dave brbake. but first the headlines for this sunday morning the ninth of december 2012. an american doctor abducted by the taliban five days ago in afghanistan has been rescued. he was freed early today in a joint u.s.-afghan operation ordered after intelligence revealed that his life was in danger. in a televised speech last night venezuela's president hugo chavez revealed that his cancer has returned. chavez travels to cuba today for his third cancer operation in 18 months. governor of south africa says that 94-year-old nelson mandela is in the hospital for tests. the former president is said to be doing well. florida's former republican governor charlie crist has switched political parties. he's now a democrat. speculation crist may run for governor again in 2014 challenging the republican who currently holds office, governor rick scott. in washington state, dozens of same-sex couples wa
. >> osgood: steve hartman introduces us to a couple who made football a family affair. we get a visit from techno-clause, our david pogue bearing gifts. we'll be remember jazz great dave brbake. but first the headlines for this sunday morning the ninth of december 2012. an american doctor abducted by the taliban five days ago in afghanistan has been rescued. he was freed early today in a joint u.s.-afghan operation ordered after intelligence revealed that his life was in danger. in a...
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. >> dana: so in 2009, the film-maker dan hayes who is the brother of our , cocontributor steve hayes, fox news and "weekly standard," figured out somebody has to capture the memories. honor flight is a great program started by joe dean, ibm executive. he heard about this and what they do is go to a city like chicago and they will find as many world warii veterans as they can and do an all expense trip, day trip to d.c. and they come and get to come and see the memorial. a lot of people can volunteer to do it. i am so excited. i have been waiting for the movie for two years. bob, you have seen the veterans in washington as well. >> bob: first, disappointed about taking so long to get the world war ii monument up. it was a big debate going on. i don't know why. it's such a beautiful thing first of all to see it. to see the guys coming. let's remember now, i don't think anybody is a world war ii veteran is less than 80 years old. if you think about it, if you were 16, 17 in 1941. so we are losing these people at a rapid rate. thought they could finally come and see the honor that they d
. >> dana: so in 2009, the film-maker dan hayes who is the brother of our , cocontributor steve hayes, fox news and "weekly standard," figured out somebody has to capture the memories. honor flight is a great program started by joe dean, ibm executive. he heard about this and what they do is go to a city like chicago and they will find as many world warii veterans as they can and do an all expense trip, day trip to d.c. and they come and get to come and see the memorial. a lot...
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steve said it best from the outset. if the president does not get off to the right start here, it makes it incredibly difficult, if not at a minimum, complicated, to get the rest of his agenda through, not to mention all the foreign policy challenges that will be the backdrop. steve indicated this is the most important thing that will be done. he's likely right unless there's something that we don't want to at all think about or foresee for the next few years, so you have to get this right or get it done to get to the next step. >> but on the specifics of it, steve, why should we be optimistic? who's going to move from their position, and why would they? >> the reasons to be optimistic, you have two prose prose propos table that are robust. the president's made important concessions on revenues. the democrats have made concessions on addressing entitlements, not insufficient for the other one, and what we're fighting over now is this issue of tax rates. and the republicans do have to give on tax rates. it's going to be
steve said it best from the outset. if the president does not get off to the right start here, it makes it incredibly difficult, if not at a minimum, complicated, to get the rest of his agenda through, not to mention all the foreign policy challenges that will be the backdrop. steve indicated this is the most important thing that will be done. he's likely right unless there's something that we don't want to at all think about or foresee for the next few years, so you have to get this right or...
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megyn: steve harrigan, thank you. images of the man's final moments alive sparked a nationwide debate on morals and ethics. as we learned more than a dozen people witnessed the altercation between the two men and that no one stepped in to help. when one of the men was pushed by the other on the subway tracks and was killed. why? dr. keith ablow is here. one of the largest teachers unions come under fire. some call this vicious and vile class warfare. you can see what is happening in this clip. that debate is also next. >> the people of this land called his paying taxes. everyone pays what they could afford. the people in the middle in the middle amount of the rich people 1%. over time rich people decided they weren't rich enough, so they came up with ways to get richer. the first way was to do tax cuts. fewer services for everyone and they said why should i care about others i'm only in my 60's... i've got a nice long life ahead. big plans. so when i found out medicare doesn't pay all my medical expenses, i looked at
megyn: steve harrigan, thank you. images of the man's final moments alive sparked a nationwide debate on morals and ethics. as we learned more than a dozen people witnessed the altercation between the two men and that no one stepped in to help. when one of the men was pushed by the other on the subway tracks and was killed. why? dr. keith ablow is here. one of the largest teachers unions come under fire. some call this vicious and vile class warfare. you can see what is happening in this clip....
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hi, steve. >> caller: hi, stephanie, how are you? >> stephanie: good go ahead. >> caller: i hate to tell sean hannity that he is racist. >> i never actually said that. >> caller: i say it, because he is. >> caller: it was a song parity that was talking -- >> caller: yeah, i know. >> stephanie: that's what he does with everybody. he creates a straw man. he says things that liberals never said. he literally said i said every conservative is racist. >> never said that. >> caller: let's go to stephanie in illinois. hi, steph. oh stephanie in illinois? hello? >> caller: hello. hi! the caller who said the unions are racist? >> stephanie: yeah. >> caller: first of all the last time i called you, i hung up on you because my two cats thelma and louise started attacking my feet -- >> do not let the them drive the car. >> stephanie: no. >> caller: thegy with the unions, my brothers are electricians and the unions will let anybody in. it's the private sector companies that won't hire them after they get in the union. >> stephanie: that's a fox v
hi, steve. >> caller: hi, stephanie, how are you? >> stephanie: good go ahead. >> caller: i hate to tell sean hannity that he is racist. >> i never actually said that. >> caller: i say it, because he is. >> caller: it was a song parity that was talking -- >> caller: yeah, i know. >> stephanie: that's what he does with everybody. he creates a straw man. he says things that liberals never said. he literally said i said every conservative is racist....
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so how effective today, steve? >> i think what it is, you're absolutely correct, they have not finished demonstrating a full capability to deliver this lethal capability at great distance. but unfortunately for us, by the time they have demonstrated that capability to a degree it is too late to negotiate with our allies or others a way to block them. what we really need now to insure the united states and others don't return to failed negotiating strategies of the past. recognize we have a real grave concern and we need a different approach. bill: what north korea wants to face-to-face, one-on-one. they have always sought that. they see themselves as being equal to the united states of america. and if you give them that, you give them a huge boost. we'll see how japan, china, russia, south korea reacts now. stephen yates, thank you. >> thank you. bill: to viewers at home, hemmer@foxnews.com is the e-mail. on twitter shoot a tweet to @billhemmer, because you asked, bya. we'll see where this goes next. martha: they s
so how effective today, steve? >> i think what it is, you're absolutely correct, they have not finished demonstrating a full capability to deliver this lethal capability at great distance. but unfortunately for us, by the time they have demonstrated that capability to a degree it is too late to negotiate with our allies or others a way to block them. what we really need now to insure the united states and others don't return to failed negotiating strategies of the past. recognize we have...
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steve doocy. >> listen we have got a gigantic win for america to tell you about. it happened yesterday in michigan. michigan became the 24th state to pass right to work legislation. what that means is you no longer have to join a union. you just don't have to -- you don't have to join it which is terrific, because there are a lot of people who don't want to. >> stephanie: karl? >> well you don't have to join. you get the same benefit that the union is fighting for, and you don't have to pay into it. >> stephanie: isn't that nifty. >> it's called the right to work for less state now until the voters overturn it shortly, or the 2014 elections happen whichever happen first. >> stephanie: you wait right there, governor walker and governor -- what is his name in michigan -- snyder. yeah you wait right there. karl frisch remains in the side car. seventeen minutes after the hour. kids -- at this point i have a whole archive of the times i made hannity, it is getting quite large. i would hate to lose it. >> how do you save it? >> stephanie: carbonite. >> i see. >> stephan
steve doocy. >> listen we have got a gigantic win for america to tell you about. it happened yesterday in michigan. michigan became the 24th state to pass right to work legislation. what that means is you no longer have to join a union. you just don't have to -- you don't have to join it which is terrific, because there are a lot of people who don't want to. >> stephanie: karl? >> well you don't have to join. you get the same benefit that the union is fighting for, and you...
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a lot is people are unsure about the economy these days and the post-steve jobs era. >> even around christmastime when the products are popular as gifts. >> you think retail sales would translate well because there's so many other issues there besides how much they sell in the store. >> it's interesting. we'll see what happens with this case and if it has an impact of consumers that own these products. thank you very much. >>> marijuana is now legal under washington state law. that tops our look at stories around the "news nation." take a look. that's how they celebrated in washington state. the news came down after midnight as you know at the seattle center. it allows people to possess up to an ounce of pot, but they cannot smoke it in public. that looks like public to me. the police department will issue verbal warnings to violators. that explains the public video. lawyers for software company founder john mcafee sought guatemala denied his asylum. they detained him for entering the country illegally. he's wanted for questioning in connection with the murder of his neighbor. he denies any invol
a lot is people are unsure about the economy these days and the post-steve jobs era. >> even around christmastime when the products are popular as gifts. >> you think retail sales would translate well because there's so many other issues there besides how much they sell in the store. >> it's interesting. we'll see what happens with this case and if it has an impact of consumers that own these products. thank you very much. >>> marijuana is now legal under washington...
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. >> steve: very simple to do. thank you very much for filling in. brian will be back here tomorrow. >> gretchen: see you then. >> steve: have a great day, everybody. martha: thanks, you guys. we start with this fox news alert. there is live look, lansing, michigan. massive crowds gathering at the state capitol. they're protesting the state's right to work law. the lawmakers set to cast the final votes inside that building this morning. we understand the governor is very ready to sign that into law. very controversial situation going on live in lansing. good morning, everybody, i'm martha maccallum. you are here in america's nice room. >> i'm gregg jarrett in for bill gregg: the right to work vote will mean unions will no longer force workers to pay dues. that the birthplace of the powerful united auto workers union. martha: this has huge national implications over the power of organized labor. governor rick snyder believes there will be more job. he believes the protests hurt more than they help. here he is. >> if you go forward you will create a en
. >> steve: very simple to do. thank you very much for filling in. brian will be back here tomorrow. >> gretchen: see you then. >> steve: have a great day, everybody. martha: thanks, you guys. we start with this fox news alert. there is live look, lansing, michigan. massive crowds gathering at the state capitol. they're protesting the state's right to work law. the lawmakers set to cast the final votes inside that building this morning. we understand the governor is very ready...
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Dec 6, 2012
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obama in silicon valley and steve jobs says those jobs are never coming back, mr. president. stop talking about it. they ain't coming back. >> he was wrong apparently. >> bill: well, that was his policy and now somebody else is in charge. >> this is going to be building apple computers. they're still going to be building iphones and eye pats in china which makes up most of their business but this is a very good first step to bring jobs to america from apple. good for them. >> bill: i wonder where. >> they haven't announced where. we're tweeting at bp show at bpshow on twitter. we're talking about the fiscal cliff. ruth says i've said for a long time republicans are so far to the right they're falling off the edge. i didn't realize it was a cliff they were up against. mark says i have my seat belt on and i'm ready to go over the cliff. no deal is better than a b.s. deal. and skip says the g.o.p. is on their way to wiping out the remainder of the middle class ending social security medicare and medicaid and home mortgage deductions. >> bill: so, michael, we hear that
obama in silicon valley and steve jobs says those jobs are never coming back, mr. president. stop talking about it. they ain't coming back. >> he was wrong apparently. >> bill: well, that was his policy and now somebody else is in charge. >> this is going to be building apple computers. they're still going to be building iphones and eye pats in china which makes up most of their business but this is a very good first step to bring jobs to america from apple. good for them....